ADA Surges 2.88% as Institutional Accumulation and Golden Cross Signal New Momentum

Cardano (ADAUSDT) has seen a 2.88% price increase over the past 24 hours, currently trading at $0.7359 on Binance. This positive movement is largely attributed to increased institutional and whale accumulation—approximately 120 million ADA added by large holders since late June—alongside heightened ecosystem investment and Cardano’s strong developer activity, ranking third among crypto projects. The broader market rally, led by Bitcoin reaching new highs, has also boosted ADA’s momentum. Technical factors, such as the first-ever weekly golden cross for Cardano, have contributed to bullish sentiment, while speculation around a potential Cardano ETF and notable activity from investment firms like Grayscale have further supported interest. In the last 24 hours, ADA’s trading volume ranged between $1.14 billion and $1.31 billion, with a market capitalization near $26.73 billion, reflecting robust trading activity and sustained investor attention.